2 bedroom flat for sale

About This Apartment

Plot 118 is a new 2 bedroom Shared Ownership apartment located on the second floor in Block G at Rivermead Gardens in Alton.

Spread across 767 sqft, the apartment includes an open-plan kitchen/living area with integrated appliances and a freestanding washer/dryer, with allocated parking and cycle storage.

Located a short walk from Alton high street, the apartments at Rivermead Gardens are conveniently located with access to a wide range of shops, supermarkets, cafes, restaurants and green spaces. Alton train station is within walking distance , providing direct access to London Waterloo in just over an hour, perfect for commuters.

All apartments are available to purchase with Shared Ownership from a 25% share. The price shown reflects purchasing a 40% share of the property's full market value.

Financial Breakdown Based on a 40% Share:

• Full Market Value: £277,500
• 40% Share Value: £111,000
• 5% Deposit of Share Value: £5,550
• Rent on Unowned Share (60%): £382 per month
• Service Charge: £315.45 per month
• Estimated monthly cost: £1,321
• Council Tax: TBC*

These figures are a guideline and may vary according to individual incomes and circumstances. Please speak to one of our sales consultants for a detailed breakdown.

About Rivermead Gardens, Alton

A delightful and thriving community, Alton is a market town in East Hampshire and offers a mix of historic buildings and modern shops. The River Wey runs through Rivermead Gardens and there are walking paths around Kings Pond nearby for you to enjoy.

The homes at Rivermead Gardens are in a great location for any travel, with the rail station and the A31 and M3 nearby which give easy access to nearby towns, attractions and London. From Alton Train Station, you can be in Farnham in 12 minutes, Woking in 36 minutes, Guildford in 43 minutes or London Waterloo in just over an hour.

What is Shared Ownership?

Shared Ownership offers you the chance to buy a share of your home (usually between 25% and 75%) and pay rent on the remaining share. Later on, you could buy more shares of your new home when you can afford to and, if you chose, own the property outright. Monthly costs to purchase a home via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Eligibility Criteria:

Priority will be given to applicants with a live/work or family connection to the Parish of Alton or East Hampshire District. To be eligible for a home here you'll need to:

• Have a combined household income under £90,000 per annum
• Not already own a property, or part of a property, at the time of completing on your purchase
• Be unable to purchase a suitable home to meet your housing needs on the open market
• Have a minimum of £5,000 to cover the costs of buying a home

If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.

*Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with one of our sales consultants. Images shown are computer generated and indicative only.